Any positive momentum stocks had on Monday dissipated yesterday, as downbeat economic signs weighed on indexes.
Individual technology stocks had a good day — both Microsoft and Nvidia hit a 52-week high, while Alphabet jumped 2.6% and Meta added 2% — but even those large-cap stocks couldn't stop the tech-heavy Nasdaq Composite from declining 0.2%.
Other indexes fared badly too. The S&P 500 closed 0.64% lower. And merely a day after breaking its five-day losing streak, the Dow Jones Industrial Average fell again. The stock index slid 1%, dropping below its 50-day average for the first time since March 30, suggesting that it has further to fall.
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